Metal Flex Building with Bay
For Sale
$299,000
570 N Hathaway Ave, Bronson, FL 32621
Versatile 2004-built metal building with front office and two oversized bay doors for a range of service, retail, or warehouse uses.
Property Size2,000 SF
Lot Size0.57 Acres
Price / SF$149.50
Days on Market101
Property Features for 570 N Hathaway Ave
General Information
Standard status
Active
Size
2,000 SF
Lot size
0.57 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$1,149
Building Details
Year Built
2004
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Randy Wilkerson · License #SL3352261
(352) 317-6321
Source:
Exprealty
Added: May 27
Changed: Aug 28
Last Checked: Sep 4 at 1:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of United Country Smith & Associates Trenton
Investment Insights
Based on property information with market context.
This versatile metal building was built in 2004 and offers a practical mix of workspace and office. The interior is supported by two oversized bay doors for loading, service access, or vehicle-related operations. A rear walk-thru entrance adds day-to-day convenience, and the front office includes additional overhead storage to support administrative functions or light warehousing needs. The property sits on 0.57 acres and totals 2,000 square feet.
Located on a high-visibility four-lane highway in Bronson, the building benefits from steady traffic exposure. It is positioned next door to the Levy County Road Department and directly across from the new Bronson Fire Department, placing the site in an active commercial and public-safety corridor.
With its functional bays, dedicated office area, and flexible overall configuration, the property can work for a variety of businesses, including an automotive shop, contractor headquarters, warehouse or storage-oriented use, retail operation, or other service business. As a purchase offering, it may also appeal to investors seeking a multi-use commercial building that supports both operational space and on-site administration.
Located on a high-visibility four-lane highway in Bronson, the building benefits from steady traffic exposure. It is positioned next door to the Levy County Road Department and directly across from the new Bronson Fire Department, placing the site in an active commercial and public-safety corridor.
With its functional bays, dedicated office area, and flexible overall configuration, the property can work for a variety of businesses, including an automotive shop, contractor headquarters, warehouse or storage-oriented use, retail operation, or other service business. As a purchase offering, it may also appeal to investors seeking a multi-use commercial building that supports both operational space and on-site administration.
Key Highlights
- 2004‑built 2,000 SF metal commercial building on 0.57 acres in Bronson
- Two oversized bay doors plus a rear walk‑thru entrance for flexible access and use
- Front office space with additional overhead storage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,759
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,180
$375.2K
Cap Rate 7%
$267,986
$268.0K
Cap Rate 9%
$208,433
$208.4K
Market Conditions
NOI Build-Up for 2,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.2K $15.60/SF
− Vacancy
−$2.3K −$1.17/SF
EGI
$28.9K $14.43/SF
− OpEx
−$10.1K −$5.05/SF
NOI
$18.8K $9.38/SF
Area
Levy County, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$375,180
Cap Rate 7%
$267,986
Cap Rate 9%
$208,433
Alternative Uses
Best Use
Flex RnD
$268.0K
$234.5K – $312.7K
NOI $18,759 @ 7.0% cap · market cap 6.27%
Second Best
Warehouse
$208.7K
$182.7K – $243.5K
NOI $14,612 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 11.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32621, FL
5,396
Population
2,495
Households
2.2
Avg Household Size
41
Median Age
10%
College-Educated
84%
High-School Grad
73.5 sq mi
ZIP Area
73
Density / Sq Mi
$52,840
Median Household Income
$39,181
Median Earnings
$596
Median Rent
$114,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile 2004-built metal building with front office and two oversized bay doors for a range of service, retail, or warehouse uses.
Where is this flex space located?
The property is located at 570 N Hathaway Ave Bronson, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2004‑built 2,000 SF metal commercial building on 0.57 acres in Bronson; Two oversized bay doors plus a rear walk‑thru entrance for flexible access and use; Front office space with additional overhead storage
